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American Capital Receives Proceeds of $59 Million from Five Exits, Earning 18% to 46% Annual Returns
Bethesda, MD - October 29, 2004 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has received proceeds of $59 million from the partial or full exits of five portfolio companies, resulting in a net realized loss on these investments of $0.3 million during the third quarter of 2004 and earning 18%, 20%, 39%, 42% and 46% compounded annual returns on these investments, including all fees, interest and principal received over the life of American Capital's investments in these companies. [more...]
American Capital Invests $23 Million in Riddell Sports Group Inc.
Bethesda, MD - July 8, 2003 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today that it has invested $23 million in Riddell Sports Group Inc., a leading designer, manufacturer and licensor of branded sporting goods, reconditioning services and collectibles. American Capital's investment takes the form of senior subordinated debt and equity and supports the acquisition of Riddell by Fenway Partners Inc. from Lincolnshire Management Inc. Wachovia Bank (NYSE: WB) led a revolving credit facility and senior term loan. [more...] |
